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Piramal Enterprises' rises as its arm acquires Abacus International

05 Dec 2012 Evaluate

Piramal Enterprises is currently trading at Rs. 504.00, up by 4.90 points or 0.98% from its previous closing of Rs. 499.10 on the BSE.

The scrip opened at Rs. 503.00 and has touched a high and low of Rs. 508.00 and Rs. 503.00 respectively. So far 1,844 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 562.50 on 02-Apr-2012 and a 52 week low of Rs. 361.15 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs. 508.00 and Rs. 487.05 respectively. The current market cap of the company is Rs. 8,697.00 crore.

The promoters holding in the company stood at 53.05% while Institutions and Non-Institutions held 27.28% and 19.68% respectively.

Piramal Enterprises' subsidiary -Decision Resources Group, one of the world's leading research and advisory firms focusing on healthcare insights and analysis, has acquired Abacus International, a pioneer in evidence-based global market access solutions for many of the world's leading healthcare companies. The acquisition of UK-based Abacus by Burlington, Massachusetts based Decision Resources Group will result in a significant global expansion of Decision Resources Group's market access capabilities. Abacus will be part of the Market Access Business Unit at Decision Resources Group which currently includes the brands: Fingertip Formulary, HealthLeaders-InterStudy, PharmaStrat and Pinsonault.

Abacus differentiates itself by offering integrated market access solutions across the entire product lifecycle from payer strategy, through technical disciplines such as modeling and systematic review to value communications and health technology assessment (HTA). An in-house multimedia team enables Abacus to differentiate their service offering using innovative software solutions including web, mobile and iPad applications.

The acquisition is part of Decision Resources Group's overall strategy to acquire and/or build leading brands that can leverage each other's thought leadership to create meaningful products and services for the healthcare industry.

Abacus International will remain headquartered in Bicester, England. Results Healthcare, a division of Results International, acted as advisors to Abacus International.

Piramal Ent - Amalga Share Price

1124.60 0.00 (0.00%)
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